Loan Lending Website Development For CreditEnable

Discover how we assisted our clients in developing a loan lending website that enables SMEs to apply for loans easily. That’s not it, we integrated several other functionalities and features into the website that we have listed below, so let’s check them all.

INDUSTRY

Fintech Industry

COUNTRY

India

IMPLEMENTATION

3 Months

About The Client

Our client from India was looking for an experienced software development company that could assist them in creating an engaging and highly secure website where clients who are seeking loans can easily apply for them.

They were already a well-established business offline and thus wanted to create a strong online presence. We developed their website to ensure that they had a strong online presence that portrayed their brand.

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Values Delivered

  • An easy login process that scales up customer experience and provides more client details.
  • Allows customers to easily upload documents and avail loans directly through the website.
  • A branded page that delivers a great brand image of CreditEnable.

Business Context

CreditEnable has only partnered with top banks such as Kotak Bank, ICICI Bank, and more to easily provide small businesses with loans. To make the process smooth and easier for company owners to apply for and avail loans.

  • We integrated several distinct features such as a credit checker, a loan EMI checker, and more.
  • The website was built on Angular which ensures that it is safe from cyber attackers.
  • Integrated a functionality that allows users to check their bank loan eligibility with just one click.

CreditEnable Wireframes

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Solution Overview

While developing the website we ensured that it was cyber-secure, responsive, and fast to load. This ensured that our client had the best functionality with all the features easily accessible.

This was the project management strategy followed by us

Our agile project management ensured that the website was deployed on time and without any bugs:

  • Project Planning: The Loan lending website development began with our clients connecting us with their requirements. The requirement was met by our business analysts who assisted them with ideas and created a sheet of important features that needed to be on the website.
  • Design And Development: Once all the important features were listed our designers began Figma designing and development of the website.
  • Project Stabilization: After the development stage is over our QAs took over the project and conducted a thorough checkpoint testing of the application. This ensured that the website was live even before launching it.
  • Project Launch: In the end, we launched the website and also provided 30 days of free post-maintenance support.

Feature Rich Website Build By Our Developers

  • Bank loan eligibility checker: Just by entering their bank-registered mobile number, the customers can easily check if they are eligible for loan sanction or not.
  • Complete the loan process through the website: Customers can apply for loans through the website by selecting the bank they want a loan from and by uploading the important documents.
  • Apply for gold loan: Users can easily apply for gold loans by uploading some documents such as PAN card, Aadhar card, and more to get.
  • Enlisted various terms related to business loans: We enlisted various terms and conditions that one must know before applying for a loan. Several loan options that we listed were machinery loans, secured business loans, and more.
  • Balance transfer functionality: If someone wants to swap a current business loan with some other bank they can do it through this platform.
  • Apply for syndicated unsecured business loans: Customers can apply for loans from a group of lenders collectively without any lenders or security.
  • Business Loan EMI Calculator: Allows users to calculate the cost of EMI by simply selecting the loan amount and the duration of the loan.

Why We Recommended Them To Use Angular + .Net For This Project?

We suggested our clients to choose Angular + .Net for the following reasons:

Performance and Scalability

Angular: For a loan-lending platform, responsiveness and quick access to data are crucial, especially when handling real-time information like loan statuses, interest calculations, and application progress. Angular’s component-based structure and real-time data binding allow for a fast, interactive user experience.

.NET Core: Loan-lending platforms need to manage high volumes of concurrent users securely and reliably. .NET is built for high-performance applications, making it ideal for handling complex calculations, loan processing, and financial data.

Security and Compliance

.NET: Security is a primary concern for financial platforms. .NET offers extensive built-in security features, such as identity management, data encryption, and role-based authorization, making it easier to comply with industry standards like PCI DSS for handling sensitive financial data.

Angular: Angular includes client-side security features, such as built-in protection against common vulnerabilities like Cross-Site Scripting (XSS) and Cross-Site Request Forgery (CSRF), which are essential for protecting user data and financial transactions on the front end.

Rich, Dynamic User Interface

Angular: For a loan-lending platform, a smooth and user-friendly experience is essential, as users will frequently interact with dashboards, calculators, application forms, and payment portals. Angular's component-based architecture and interactive capabilities allow the website to have a clean, modular design that enhances the user experience.
Angular also supports reusable components, which can be used across the platform, ensuring a consistent UI and faster updates and improvements.

Cross-Platform and Responsive Design

Angular: Angular applications can be easily optimized for desktop, mobile, and tablet devices, allowing users to access the loan-lending platform from any device. This is crucial for a lending service, where accessibility and a smooth experience on various devices can make a significant difference.

.NET Core: .NET Core is cross-platform, so the backend can be deployed on Windows, macOS, or Linux servers, providing flexibility in infrastructure options and ensuring that the platform can scale and adapt as needed.

Developer Productivity and Maintainability

Angular: Angular’s CLI streamlines development, enabling rapid prototyping and module/component organization. Its modular structure allows teams to work on different sections of the website independently, making development more efficient and facilitating future enhancements.

.NET Core: With Visual Studio and the extensive libraries available in .NET, developers can quickly create and manage backend processes like loan processing workflows, user account management, and financial calculations. The framework’s maintainability and support for microservices also allow the backend to grow as new features are needed.

Real-Time Data Handling and Notifications

Angular: Angular’s real-time data binding allows users to receive instant updates, such as loan application statuses, payment reminders, and transaction notifications, enhancing the customer experience by keeping users well-informed.

.NET with SignalR: SignalR (a library for real-time web functionalities) can be integrated with .NET to enable real-time updates on the backend, sending instant notifications and data updates to the Angular front. This is especially useful for features like live chat support, loan approval notifications, or rate updates.

Extensive Ecosystem and Enterprise Support

.Net: With Microsoft’s support and regular updates, .NET provides long-term stability and access to a mature ecosystem, including libraries and third-party tools tailored to financial services.

Angular: Supported by Google, Angular has a large, active community and access to many third-party modules and plugins that can be integrated into the project to add functionalities such as data visualization, authentication, and analytics.

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